Construction financing and technical assistance for emerging developers
Traditional construction lenders often overlook emerging developers and projects in underserved markets. SAGE fills that gap with purpose-driven capital. Every project is evaluated on its climate-resilience standards, green building practices, and long-term community impact.
As a nonprofit CDFI, SELF has spent more than a decade financing resilient, energy-efficient housing across the Southeast. With SAGE, you get more than capital — you get a partner who understands green building requirements, moves at the speed of construction, and shares your commitment to the communities you build in.
SAGE Loan Details
Financing is available for predevelopment, primary construction, and mezzanine positions, with collateral secured up to 90% LTV and a 1.15x debt service coverage requirement. Interest rates are subject to change. Every project is evaluated on its climate-resilience standards, green building practices, and long-term community impact — not just its financial pro forma.
Flexible Project Financing
The SAGE Program is designed to help emerging developers access financing for the new construction of affordable and workforce housing, benefiting low- and moderate-income households. This program supports emerging developers by offering flexible funding for:
- Predevelopment costs (architectural, engineering, permitting fees)
- Land acquisition and site preparation
- Energy-efficient and sustainable building practices
- Construction financing for new affordable and workforce housing projects
- Mini-permanent financing
Frequently Asked Questions
What are the eligibility requirements?
Eligible borrowers include emerging and experienced developers, nonprofit housing organizations, and special-purpose entities pursuing new construction or substantial rehabilitation. Priority is given to projects led by minority, women, or employee-owned businesses and those serving underserved or economically disadvantaged communities.
What can SAGE finance?
Architectural and engineering work, permitting fees, land acquisition, and site preparation can all be financed before you break ground. Construction financing then covers new affordable and workforce housing, along with the energy-efficient and sustainable building practices that go into it. Mini-permanent financing takes over once construction wraps.
Request a Meeting
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Other Financing Options
Commercial Solar Financing
Financing for nonprofits, small businesses, and housing developers installing commercial solar and battery storage.
Housing Participation Loans
Flexible participation capital for mid- to large-scale affordable housing and community development projects.